What is the next step after pre-approval?

Now you can go house-hunting with a clear idea of what you can afford. Pre-approval also provides you with your credit score, and if it’s low, you should set about trying to improve your credit score before applying for a home loan (ideally your credit score should be above 600).

Once you have a property in mind, demonstrating that you have pre-approval will make the home seller more confident in your offer, and it will improve your chances of home loan approval (just over 90% of home loan applicants with an ooba Home Loans pre-approval certificate get approved).